Judd Arnold from Lake Cornelia Research Management on Offshore and Tidewater $TDW
Yet Another Value Podcast
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New Build Economics
The sustainability of the tightness is just way, it's not comparable to other things and that's what creates the convexity of the trade. New build economics requires probably 40,000 or more plus sponsor grantees everything. If you're buying a 20 year asset like Valeris could you really look out to 2038 which is 15 years of the day for sure we're going to be offshore drilling? I think five might be the maximum duration that they're willing to do and does that cap the multiples of the stocks. Now the only offset to that is just to buy back a ton of my back it's on a shares. And do you really care and certainly at this
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